Tracking how Big Tech is moving into the European Union’s financial services sector is challenging, but it currently does not pose a threat to financial stability, the bloc’s financial watchdogs said on Thursday.
Tata Group is in advanced talks with Taiwan’s Pegatron to form a partnership to run an iPhone assembly plant the Indian company is building in the southern state of Tamil Nadu, two sources with direct knowledge of the matter said on Thursday.
Indian digital payments firm Paytm lost a fifth of its market value on Thursday after the central bank ordered its payment bank to halt its business, threatening the company’s path to profitability and the app it relies on.
Cadence Design Systems on Thursday said it has designed a new artificial intelligence (AI) supercomputer system that can be used to simulate how air flows over jets and other gear as its competition with Ansys heats up.
South African pay TV company MultiChoice Group and U.S. media conglomerate Comcast’s NBCUniversal Media will invest about $177 million in Showmax’s video streaming platform during its current financial year, they said on Thursday.